Nucor Earnings Preview
Portfolio Pulse from Benzinga Insights
Nucor (NYSE:NUE) is expected to release its quarterly earnings report on January 29, 2024, with an estimated EPS of $2.87. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Nucor's stock price has reacted to past earnings performances, with a mix of positive and negative post-earnings price changes. Shares are currently trading at $174.7, up 5.01% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
January 26, 2024 | 2:01 pm
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POSITIVE IMPACT
Nucor is anticipated to report Q4 earnings with investors expecting an EPS beat and positive future guidance. Historical data shows stock price movement post-earnings. Shares are trading at $174.7, reflecting a 5.01% increase over the past year.
Given the historical positive reaction to earnings beats and the current bullish sentiment indicated by the 5.01% YTD stock increase, there is a likelihood of a short-term positive impact on NUE's stock price if the company reports a higher than expected EPS and provides favorable guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100